Unified Payments Interface (UPI) processed 228.5 billion transactions in 2025, showing a 33% year-on-year increase. The total transaction value reached Rs. 299.74 trillion, as per a report by Worldline. Both person-to-person (P2P) and person-to-merchant (P2M) transactions saw growth, with P2M transactions rising by 34% to 143.82 billion.
The average ticket size for UPI transactions decreased by 9% to Rs. 1,314, while for merchant payments, it dropped to Rs. 592. This decline indicates the shift of cash-driven transactions to the digital economy, especially for small-ticket purchases. In 2025, the merchant acceptance infrastructure expanded, with UPI QR codes increasing by 15% year-on-year to 731.38 million.
India’s digital payments ecosystem is evolving towards maturity, with a focus on scale and structure, according to Ramesh Narasimhan, the CEO of Worldline India. The landscape now includes multiple payment rails like UPI, cards, and Bharat BillPay for recurring payments, working together to drive a fully digital economy. The trend is moving towards a “QR-first, PoS-as-needed” approach, enabling even small merchants to accept digital payments with minimal infrastructure.
Credit card transactions surged by 27% to 5.69 billion, while debit card volumes decreased by 23%, indicating a shift towards UPI for small-value transactions. Online credit card payments in India reached Rs. 14.53 trillion. Recurring digital payments are on the rise, with Bharat BillPay processing 3.05 billion transactions and a value of Rs. 14.84 trillion, marking significant growth in both volume and value.
